Cognition CEO Rejects SpaceX Takeover Report as Startup Eyes $40 Billion Funding
Updated
Updated · TechCrunch · Aug 19
Cognition CEO Rejects SpaceX Takeover Report as Startup Eyes $40 Billion Funding
3 articles · Updated · TechCrunch · Aug 19
Summary
Scott Wu said Bloomberg’s report that SpaceX tried to buy Cognition was inaccurate, writing on X that the startup “is not for sale” and that the companies have not been in talks.
Bloomberg had reported SpaceX explored acquiring Cognition to strengthen its AI coding push, though those talks were no longer active and the sides were still discussing possible collaboration.
That interest followed SpaceX’s $60 billion purchase of Cursor last week, part of Elon Musk’s broader effort to close ground on OpenAI, Anthropic and Google through coding-focused AI products.
Cognition remains one of the largest independent AI coding startups, having raised $1 billion at a $25 billion valuation in May and now reportedly holding early funding talks at $40 billion.